According to the Statement of Affairs of the State Bank of Pakistan, for the week ended June 17, 2006, both notes in circulation and those issued decreased during the week. Notes in circulation stood at Rs802,625.549m against earlier week’s figure of Rs806,802.526m, a fall of Rs4,176.977m. When compared to the corresponding week a year ago when it was Rs728,144.266m, the current week’s figure is higher by Rs74,481.283m.
Total notes issued also decreased in the current week over preceding week’s level. At Rs802,797.822m it was lower by Rs4,198.236m over the figure of Rs806,996.058m recorded a week earlier. In the corresponding week last year it amounted to Rs728,299.733m, which shows current week’s figure to be higher by Rs74,498.089m over last year’s corresponding figure.
Approved foreign exchange rose in the week to Rs538,153.258m or by Rs3,352.983m over preceding week’s figure of Rs534,800.275m. When compared to the corresponding week a year ago, when the figure was Rs476,943.932m, the current week’s figure is larger by Rs61,209.326m.
Balances held outside Pakistan in approved foreign exchange decreased. It stood at Rs129,090.389m over preceding week’s figure of Rs129,109.553m, showing a fall of Rs19.164m. Compared to last year’s corresponding figure of Rs126,674.538m, the current week’s figure is lower by Rs2,415.851m.
Loans and advances of scheduled banks to the three sectors – agricultural, industrial and export showed a mixed trend. The agricultural sector received Rs61,643.982m, similar to preceding week’s figure. The current week’s figure is larger by Rs1,072.545m over last year’s corresponding figure of Rs60,571.437m.
There was an inflow of Rs6,881.324m to the industrial sector, a rise of Rs223.698m against preceding week’s figure of Rs6,657.626m. When compared to last year’s corresponding figure of Rs1,547.356m, the current week’s figure is higher by Rs5,333.968m.
The export sector received Rs109,918.929m against previous week’s figure of Rs109,109.971m, a rise of Rs808.958m. Current week’s figure was higher by Rs720.747m.
Deposits and other accounts of the scheduled banks stood at Rs2,756.822bn, larger by Rs8.651bn over preceding week’s figure of Rs2,748.171 billon. Commercial banks deposits showed a rise of Rs8.666bn over the week to Rs2,744.841bn against preceding week’s Rs2,736.175bn, and of specialized banks it fell by Rs0.015bn to Rs11.981bn, over previous week’s Rs11.996bn.
Borrowings by all scheduled banks declined during the week over preceding week’s figure. It fell to Rs350.717bn over preceding week’s figure of Rs352.323bn, a fall of Rs1.606bn. This was primarily due to a fall in the borrowings by commercial banks, which fell to Rs264.113bn against previous week’s Rs265.749bn, or by Rs1.636bn, while borrowings by specialised banks stood at Rs86.604bn, against preceding week’s Rs86.574bn, a rise of Rs0.03bn.
Gross advances stood at Rs2,116.942bn in the week under review, a rise of Rs9.076m over preceding week’s figure of Rs2,107.866bn. Advances by commercial banks rose to Rs2,025.669bn against earlier week’s figure of Rs2,017.190bn, larger by Rs8.479bn, while of specialized banks it stood at Rs91.273bn.
Investments of all scheduled banks declined in the week by Rs0.904bn to Rs826.206bn against preceding week’s figure of Rs827.110bn. Commercial banks investment level increased to Rs806.739bn, from earlier week’s Rs806.325bn, larger by Rs0.414bn, while of specialized banks it stood at Rs19.467bn against previous week’s Rs20.785bn, a decline of Rs1.318bn.
Cash and balances with treasury banks of all scheduled banks declined by Rs16.733bn during the week to stand at Rs239.434bn against earlier week’s Rs256.167bn. The figure for commercial banks fell to Rs237.684bn against preceding week’s figure of Rs254.437bn, a fall of Rs16.753bn. For specialized banks there was an increase of Rs0.02bn to Rs1.750bn, against earlier week’s figure of Rs1.730bn.